BMW INVESTS $1.7 BILLION IN S CAROLINA AS AUTOMAKER TRANSITIONS TO ELECTRIC VEHICLES'

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BMW invests $1.7 billion in S Carolina as automaker transitions to electric vehicles'

The BMW factory built lithium ion battery modules for the two gas electric hybrid SUVs manufactured at this site. Based on vehicle value. BMW's announcement follows several waves of announcements. about battery and electric vehicle assembly plants in North America as automakers try to establish a domestic supply chain for the next generation of vehicle engines. battery plants. multiple joint ventures. It includes production tax credits and a tax credit of up to $7.500 that can be used to offset the cost of purchasing an electric vehicle. but to qualify for the full credit. the electric vehicle must contain batteries made in North America. with 40% of the metal mined or recycled on the continent.'

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